Chinese-Dragon
RETIRED TTA
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- Joined
- Jul 9, 2010
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^^^^^ you do realize China liberalized its economy more than a decade before India did so it is not surprising that you guys have a larger economy?????? 1978 compared to 1991 we're barely 20 years into liberalization and we have made good process 20 years from now our economy will be 3x as big as it is now
Another common misconception.
The early Chinese reforms were limited to only very small areas of the country. The reforms only went nation-wide in the 1990's.
In 1990, China and India had almost exactly the same GDP. We started out from the same place.
The reason our economy is much bigger, is because we were able to sustain double-digit growth for several decades, while India never managed to do that.